This is a routine replacement of an at-the-market equity facility with no immediate dilutive impact. Monitor periodic filings (10-K, 10-Q) for disclosure of any shares actually sold under this program to assess dilution and cash position.
Price Chart
Executive Summary
Data Storage Corp entered into a new Equity Distribution Agreement with Maxim Group LLC to replace its prior ATM facility, allowing the company to sell up to $10,600,000 of common stock from time to time through at-the-market offerings. The terms are substantially the same as the prior July 2024 agreement, with a 2.5% commission to Maxim. No shares have been sold under the new agreement, and the company is not obligated to make any sales.
Key Financial Metrics
Key Facts
- Entry into new Equity Distribution Agreement with Maxim Group LLC dated May 26, 2026
- Offering of up to $10,600,000 of common stock under existing effective S-3 shelf registration statement
- Maxim receives 2.5% commission on gross proceeds from each sale
- Terms substantially the same as the prior July 18, 2024 agreement
- Company not obligated to make any sales; no assurance of any sales
Financial Impact
Up to $10,600,000 in potential gross proceeds if fully utilized, with 2.5% commission to Maxim Group
Risk Factors
- Potential dilution if the company sells shares into the market over time
- No stated use of proceeds or specific capital need disclosed
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001731122-26-000793 |
| Document: e7672_8-k.htm | 0001731122-26-000793 |
| Document: e7672_ex5-1.htm | 0001731122-26-000793 |
| Document: 0001731122-26-000793-index-headers.html | 0001731122-26-000793 |
| Document: 0001731122-26-000793-index.html | 0001731122-26-000793 |
| Document: 0001731122-26-000793.txt | 0001731122-26-000793 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
May 26, 2026 21w ago | 8-K | $0.0771 | awaiting T+5 | — | — |
May 18, 2026 23w ago | 25-NSE | $0.0771 $0.0771 | · 0.00% | ▲ +2.30% | — |
May 15, 2026 23w ago | 8-K | $0.0771 $0.0771 | · 0.00% | ▲ +0.96% | — |
Apr 14, 2026 28w ago | 8-K | $0.0771 $0.0771 | · 0.00% | ▼ −1.39% | — |
US Market Status
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